"RIL's membership comes at a time when, having just marked our five-year anniversary, we are continuing to see sustained growth in trading volumes.

RIL is understood to be the first major Indian enterprise to participate directly in a global oil futures market, emphasising the trend of continued growth in Asian oil production.

He said this will add to DME's international membership as firms of RIL's scale, help position the Exchange for the next five years, during which the Asian oil market is likely to grow at a rapid pace.